Danske Research Team
Danske Bank A/S
Majors
EUR/USD: BUY 1.3305 NOT FILLED, LOOK TO BUY
USD/JPY: LONG 89.32 STOPPED88.65, BUY AT 88.05 FOR 89.67, STOP 87.35
GBP/USD: SELL AT 1.6125 FOR A 1.5978 OBJECTIVE, STOP AT 1.6165
USD/CHF: LOOK TO SELL
AUD/USD: LONG AT 1.0490 FOR 1.0625, REVISED STOP AT 1.0500
USD/CAD: SHORT AT .9884 FOR .9764, REVISE STOP AT .9874
Crosses
EUR/JPY: BUY AT 117.70 FOR 120.13 OBJECTIVE, STOP 116.95
EUR/GBP: BUY AT .8269 FOR A .8424 OBJECTIVE, STOP AT .8219
EUR/CHF: LOOK TO BUY
EUR/CAD: BUY AT 1.3135 FOR 1.3335 STOP AT 1.3070
GBP/JPY: LONG AT 143.10 STOPPED AT 142.65, POSS BUY LOWER
NZD/USD: LONG AT .8345 FOR .8527 OBJECTIVE, STOP AT .8360
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Editors’ Picks
EUR/USD stays weak near 1.0650 ahead of Eurozone PMI data
EUR/USD remains on the back foot near 1.0650 in European trading on Tuesday. Resurgent US Dollar demand amid a cautious risk tone weighs on the pair. Investors stay wary ahead of the preliminary Eurozone and US business PMI data.
GBP/USD eases below 1.2350, UK PMIs eyed
GBP/USD is dropping below 1.2350 in the European session, as the US Dollar sees fresh buying interest on tepid risk sentiment. The further downside in the pair could remain capped, as traders await the UK PMI reports for fresh trading impetus.
Gold price flirts with $2,300 amid receding safe-haven demand, reduced Fed rate cut bets
Gold price (XAU/USD) remains under heavy selling pressure for the second straight day on Tuesday and languishes near its lowest level in over two weeks, around the $2,300 mark heading into the European session.
PENDLE price soars 10% after Arthur Hayes’ optimism on Pendle derivative exchange
Pendle is among the top performers in the cryptocurrency market today, posting double-digit gains. Its peers in the altcoin space are not as forthcoming even as the market enjoys bullish sentiment inspired by Bitcoin price.
Focus on April PMIs today
In the euro area, focus today will be on the euro area PMIs for April. The previous months' PMIs have shown a return of the two-speed economy with the service sector in expansionary territory and manufacturing sector stuck in contraction.